Loans - 2/3 - Short Sale Fundamentals - Part 2
 
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13
Nov
Mortgage Lending is Down

Mortgage Lending is Down

As if this kind of news wasn’t already obvious to almost everyone out there, residential mortgage lending is down for the coming year. Some studies are even calling the coming decade the “lost decade” for the home finance industries. Next year, there will be 2.62 million loans for a total of $491 billion. FYI, anything...

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25
Oct
Banks’ Bad Loans

Banks’ Bad Loans

It seems that the bigger the bank, the bigger the exposure. According to an analysis just released, each of the nation’s biggest banks has $20 billion in delinquent loans. Not only that, they each have $40 billion in past-due loans. So each bank will be looking to unload $60 billion in property in the coming...

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09
Oct
BofA Freezes Foreclosures Nationwide

BofA Freezes Foreclosures Nationwide

Bank of America is now so nervous about their foreclosure process that it’s decided to freeze all foreclosures nationwide. Not just in the initial 23 states. They were quick to make sure they covered themselves, though. In their words, “the basis for foreclosure is accurate.” Just not accurate enough to keep doing em! Everyone (including...

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07
Oct
Banks Slash Compensation

Banks Slash Compensation

Check out the video below for the latest killer news. Big banks around the country are going to be slashing retail LO compensation. Find out more and then leave a comment here on the blog. Share on bebo Blog this! Bookmark on Delicious Digg this post Recommend on Facebook Share on FriendFeed Share on Linkedin...

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02
Sep
Fannie Mae Appraisal Cutting

Fannie Mae Appraisal Cutting

Home appraisals are often the most stressful part of any home sale. You never know if your home is worth what you’re hoping to get for it. You never know if the appraiser is incompetent or even corrupt. Fannie Mae is trying to make a change. From now on, lenders that sell loans to the...

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05
Jul
Pending Home Sales Decline

Pending Home Sales Decline

Wow, tough news coming out today. Pending home sales were way down in May, according to the National Association of Realtors. It’s basically attributed to the expiration of the homebuyer tax credit. Their measure of pending home sales dropped 30%. This is after 3 months of solid gains, meaning people had been rushing to close...

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29
Apr

Goodbye, Tax Credit

Experts are predicting that the expiration of the first time homebuyer tax credit won’t affect sales. Apparently, people will buy even if they can’t get the tax break. It’s a bit bizarre. On the one hand, 90% of consumers surveyed said the tax credits have helped the market. But then 65% of them said the...

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19
Apr
Come Collect Your $3 Billion

Come Collect Your $3 Billion

How would you spend $3.3 billion? JPMorgan Chase, one of the nations biggest banks just reported earnings of $3.3 billion. That’s 9 cents a share more than analysts predicted. So, my question to you is, how would you like to spend the money? I mean, for sure the bank will be giving it back to...

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07
Apr
Top Secret Cities Safe from the Bust

Top Secret Cities Safe from the Bust

Is your city safe from the housing crunch? I’ve picked up some killer info from the latest news sources. You may not believe it, but some cities totally missed the housing crisis. That’s right, solid gains and sale volumes straight through the market crunch. And till now, no one thought it was possible. The Federal...

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18
Mar
Would you lend money now?

Would you lend money now?

You know those banks that got bailed out last year? Of course you do. You remember, they took all your tax money and it seemed to disappear. Yeah, I see you nodding your head. You know the banks I’m talking about. Well, I’m no expert (not about banks anyway), but here’s what I thought the...

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